Canadian Retail: Loans and Provisions Financial Overview
Canadian Banking: Residential Mortgages
High quality, diversified portfolio; Credit fundamentals remain strong
⚫ Four Distinct Distribution Channels: All adjudicated under the same standards
o 1. Broker (~58%); 2. Branch (~20%); 3. Mobile Salesforce (~21%) and 4. eHOME (~1%)
FICO® Distribution - Canadian Uninsured Portfolio 1,2
Q4/19
Q3/20
Q4/20
Average FICO® Score
Canada
791
GTA
794
GVA
792
15%
9%
10%
3%
< 635
636-706
707-747
748-788
63%
Canada
Total Originations ($B)
Uninsured LTV
13.3
13.0
16.6
65%
64%
64%
Greater Toronto Area
Total Originations ($B)
Uninsured LTV
Greater Vancouver Area
Total Originations ($B)
Uninsured LTV
4.2
3.7
5.0
64%
62%
63%
1.6
1.5
15
1.9
64%
63%
63%
> 788
Canadian Mortgage Portfolio³: $245B (Spot balances as at Q4/20, $B)
$129.1
$16.6
Freehold $209B
(85%)
Condos - $36B
(15%)
38%
Insured
$112.5
$46.8
$12.2
Total
Portfolio³:
$34.6
$31.4
$27.6
$245 billion
Ontario
BC & Territories
Alberta
$3.8 $16.9
$14.8
Quebec
$2.1
$11.1
$10.9
$0.2
$9.8 $0.7
$9.1
Atlantic Provinces
% of
portfolio
52.7%
19.1%
12.8%
6.9%
4.5%
4.0%
Manitoba &
Saskatchewan
62%
1 FICO® distribution for Canadian uninsured portfolio based on score ranges at origination. FICO is a registered trademark of Fair Isaac Corporation
2LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
3 Includes Wealth Management
Uninsured
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